$OKTA Gen AI tailwinds are not materializing as of now!

٢٧ مايو

- I'm a seller of OKTA at $124 . Company was undervalued at 70s but has run so much without tangible materializing Gen AI tailwinds.

- Theoretically, Agentic AI should have been a great tailwind for SSO but it appears that industry is not yet focussed on security aspect of it when it comes to agentic AI.

- Even on application level, companies are struggling with developing orchestration framework and deploying them at Scale.

- Risk/Reward is not suitable for me to stay long. Short or Avoid/sell $OKTA.

- I might change my mind if they prove themselves today May 27, 2025.

٢٧ مايو

ملاحظة

- Technically, sure chart looks like it might have more upside and it could have a decisive break out. But Secular shift wise and fundamentally, it looks stretched at this point.

- Would price meet the fundamentals or fundamentals support technical breakout?

٢٧ مايو

ملاحظة

🎯
- OKTA pulls guidance
- Earning report was underwhelming
- Rev growth is low single digit.
- First reaction : -11% post market. Hope to see continued sell off.

٢٧ مايو

ملاحظة

After today's report, fundamentals looks weak and stock appears to be overvalued and ran pre-maturely. Stock price should go down to meet the reality.

٢٢ يوليو

أغلقت الصفقة: تم الوصول للهدف

Closing short at $91

٢٣ يوليو

ملاحظة

I'm taking profits and moving to SEMR which is mispriced for the growth and growing Agentic AI tailwinds I see in the industry. It has potential of 2-3x in less than 3 years.